WINDING UP - COMPANIES BILL, 2011

Chapter: XX
WINDING UP
Clause 270	:	Modes of winding up.
Chapter: XX - Part I
Winding up by the Tribunal
Clause 271	:	Circumstances in which company may be wound up by Tribunal.
Clause 272	:	Petition for winding up.
Clause 273	:	Powers of Tribunal.
Clause 274	:	Directions for filing statement of affairs.
Clause 275	:	Company Liquidators and their appointments.
Clause 276	:	Removal and replacement of liquidator.
Clause 277	:	Intimation to Company Liquidator, provisional liquidator and Registrar.
Clause 278	:	Effect of winding up order.
Clause 279	:	Stay of suits, etc., on winding up order.
Clause 280	:	Jurisdiction of Tribunal.
Clause 281	:	Submission of report by Company Liquidator.
Clause 282	:	Directions of Tribunal on report of Company Liquidator.
Clause 283	:	Custody of company's properties.
Clause 284	:	Prometers, directors, etc., to cooperate with Company Liquidator.
Clause 285	:	Settlement of list of contributories and application of assets.
Clause 286	:	Obligations of directors and managers.
Clause 287	:	Advisory committee.
Clause 288	:	Submission of periodical reports to Tribunal.
Clause 289	:	Power of Tribunal on application for stay of winding up.
Clause 290	:	Powers and duties of Company Liquidator.
Clause 291	:	Provision for professional assistance to Company Liquidator.
Clause 292	:	Exercise and control of Company Liquidator's powers.
Clause 293	:	Books to be kept by Company Liquidator.
Clause 294	:	Audit of Company Liquidator's accounts.
Clause 295	:	Payment of debts by contributory and extent of set-off.
Clause 296	:	Power of Tribunal to make calls.
Clause 297	:	Adjustment of rights of contributories.
Clause 298	:	Power to order costs.
Clause 299	:	Power to summon persons suspected of having property of company, etc.
Clause 300	:	Power to order examination of promoters, directors, etc.
Clause 301	:	Arrest of person trying to leave India or abscond.
Clause 302	:	Dissolution of company by Tribunal.
Clause 303	:	Appeals from orders made before commencement of Act.
Chapter: XX - Part II
Voluntary winding up
Clause 304	:	Circumstances in which company may be wound up voluntarily.
Clause 305	:	Declaration of solvency in case of proposal to wind up voluntarily.
Clause 306	:	Meeting of creditors.
Clause 307	:	Publication of resolution to wind up voluntarily.
Clause 308	:	Commencement of voluntary winding up.
Clause 309	:	Effect of voluntary winding up.
Clause 310	:	Appointment of Company Liquidator.
Clause 311	:	Power to remove and fill vacancy of Company Liquidator.
Clause 312	:	Notice of appointment of Company Liquidator to be given to Registrar.
Clause 313	:	Cesser of Board's powers on appointment of Company Liquidator.
Clause 314	:	Powers and duties of Company Liquidator in voluntary winding up.
Clause 315	:	Appointment of committees.
Clause 316	:	Company Liquidator to submit report on progress of winding up.
Clause 317	:	Report of Company Liquidator to Tribunal for examination of persons.
Clause 318	:	Final meeting and dissolution of company.
Clause 319	:	Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company.
Clause 320	:	Distribution of property of company.
Clause 321	:	Arrangement when binding on company and creditors.
Clause 322	:	Power to apply to Tribunal to have questions determined, etc.
Clause 323	:	Costs of voluntary winding up.
Chapter: XX - Part III
Provisions applicable to every mode of winding up
Clause 324	:	Debts of all descriptions to be admitted to proof.
Clause 325	:	Application of insolvency rules in winding up of insolvent companies.
Clause 326	:	Overriding preferential payments.
Clause 327	:	Preferential payments.
Clause 328	:	Fraudulent preference.
Clause 329	:	Transfers not in good faith to be void.
Clause 330	:	Certain transfers to be void.
Clause 331	:	Liabilities and rights of certain persons fraudulently preferred.
Clause 332	:	Effect of floating charge.
Clause 333	:	Disclaimer of onerous property.
Clause 334	:	Transfers, etc., after commencement of winding up to be void.
Clause 335	:	Certain attachments, executions, etc., in winding up by Tribunal to be void.
Clause 336	:	Offences by officers of companies in liquidation.
Clause 337	:	Penalty for frauds by officers.
Clause 338	:	Liability where proper accounts not kept.
Clause 339	:	Liability for fraudulent conduct of business.
Clause 340	:	Power of Tribunal to assess damages against delinquent directors, etc.
Clause 341	:	Liability under sections 339 and 340 to extend to partners or directors in firms or companies.
Clause 342	:	Prosecution of delinquent officers and members of company.
Clause 343	:	Company Liquidator to exercise certain powers subject to sanction.
Clause 344	:	Statement that company is in liquidation.
Clause 345	:	Books and papers of company to be evidence.
Clause 346	:	Inspection of books and papers by creditors and contributories.
Clause 347	:	Disposal of books and papers of company.
Clause 348	:	Information as to pending liquidations.
Clause 349	:	Official Liquidator to make payments into public account of India.
Clause 350	:	Company Liquidator to deposit monies into scheduled bank.
Clause 351	:	Liquidator not to deposit monies into private banking account.
Clause 352	:	Company Liquidation Dividend and Undistributed Assets Account.
Clause 353	:	Liquidator to make returns, etc.
Clause 354	:	Meetings to ascertain wishes of creditors or contributories.
Clause 355	:	Court, tribunal or person, etc., before whom affidavit may be sworn.
Clause 356	:	Powers of Tribunal to declare dissolution of company void.
Clause 357	:	Commencement of winding up by Tribunal.
Clause 358	:	Exclusion of certain time in computing period of limitation
Chapter: XX - Part IV
Official liquidators
Clause 359	:	Appointment of Official Liquidator.
Clause 360	:	Powers and functions of Official Liquidator.
Clause 361	:	Summary procedure for liquidation.
Clause 362	:	Sale of assets and recovery of debts due to company.
Clause 363	:	Settlement of claims of creditors by Official Liquidator.
Clause 364	:	Appeal by creditor
Clause 365	:	Order of dissolution of company.